772 Redwood Avenue – Property Summary
Key Characteristics and Buyer Profile
This 1,271-square-foot home, built in 1940, sits on a 4,416-square-foot lot at 772 Redwood Avenue. The property stands out most for its land size. Within the William Whyte neighborhood, the lot ranks in the top 7%—well above the local average of 3,277 square feet. On the street itself, it ranks in the top 21% against an average of 3,449 square feet.
The living area is a bit above the street average (1,005 square feet) and the neighborhood average (1,158 square feet), but falls slightly short of the citywide average for comparable homes (1,342 square feet). Assessed value sits at $199,000, which is strong for both the street (top 28%) and the neighborhood (top 17%), but well below the citywide average of $390,100. This gap reflects the lower price range typical of older inner-city neighborhoods versus the broader Winnipeg market.
The home’s appeal lies in its generous lot and solid value within the immediate area. It’s not a flashy or oversized house, but it offers more outdoor space than most nearby properties, which can be a rare find on this street. It would suit buyers who prioritize a large yard—perhaps for gardening, parking multiple vehicles, or future expansion—and who are comfortable with an older home in an established neighborhood. First-time buyers looking for an affordable entry into a central area, or investors betting on lot value, would also find this property worth a close look.
Frequently Asked Questions
1. How does this home’s assessed value compare to others nearby, and what does that mean for property taxes?
The assessed value of $199,000 is above the street average ($174,000) and the neighborhood average ($149,100), but significantly below the citywide average ($390,100). Your property tax bill is based on this assessed value (not purchase price), so you’d pay taxes at a rate consistent with a home in this price tier. In this case, taxes should be moderate relative to newer, more expensive areas of the city.
2. The land area is listed as a top 7% within the neighborhood. Is there potential to subdivide or build a secondary suite?
That depends on current zoning and municipal regulations, which are not included in this data. A lot this large can often support additions, a garage, or even a laneway suite depending on setbacks and lot coverage rules. You’d need to confirm with the city of Winnipeg’s planning department. But the lot itself gives you more flexibility than most neighbors.
3. The house was built in 1940. What should I expect in terms of maintenance and systems?
Homes from this era typically have solid framing but may have original wiring, plumbing, or insulation that needs updating. The ranking shows it’s newer than the neighborhood average (1927) but older than the citywide average (1966). It’s wise to budget for potential upgrades to electrical panels, lead or galvanized pipes, and window replacements. A pre-purchase inspection is recommended to identify any deferred maintenance.
4. How is the living area measured, and is 1,271 square feet a comfortable size for a family?
This likely includes only finished above-grade space. Basements, porches, or additions may not count. For a couple or small family, 1,271 square feet is a functional and manageable size. It’s larger than most homes on the same street (top 16%), so you’re getting above-average interior space for the immediate area. If you need a third bedroom or dedicated office, check the existing floor plan and basement potential.
5. The neighborhood profile shows William Whyte. What should I know about this area?
William Whyte is a central, older neighborhood with a mix of single-family homes and rental properties. Property values here are lower than the city average, which is reflected in the $199,000 assessed value. The area has seen some revitalization efforts in recent years, and proximity to downtown, schools, and transit is a plus. It’s not a high-end or rapidly gentrifying area, but for buyers who want a large lot in a central location without paying premium prices, it makes practical sense.